South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
2nd Floor Cornerstone House
Western Way
Exeter
Devon
EX1 1AL
United Kingdom

Principal activity

The principal activity of the company is Activities of business and employers membership organisations

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 7 October 2026 was Tim Pingree, who signed for and on behalf of Westcotts (SW) LLP.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 86 (2025 - 82).

4

Debtors

	2026 £	2025 £
Trade debtors	137,522	114,425
Other debtors	6,838	6,171
Prepayments	36,127	31,537
	180,487	152,133

5

Creditors

Creditors: amounts falling due within one year

		(restated)
	2026 £	2025 £
Due within one year
Trade creditors	7,857	1,635
Taxation and social security	18,465	16,915
VAT	84,428	74,403
Accruals and deferred income	76,482	96,785
	187,232	189,738

South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

6	Related party transactions

During the year the company made the following related party transactions with members of the company:

Avon Wildlife Trust
Sales of £205,073 (2025 - £210,856) were made to Avon Wildlife Trust during the period.

At the balance sheet date the amount due from Avon Wildlife Trust was £29,785 (2025 - £16,761).

Devon Wildlife Trust
Sales of £234,371 (2025 - £252,560) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £12,854 (2025 - £11,439).

Dorset Wildlife Trust
Sales of £179,933 (2025 - £136,574) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £12,601 (2025 - £14,136).

Gloucestershire Wildlife Trust
Sales of £190,275 (2025 - £177,379) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £8,388 (2025 - £3,812).

Hampshire Wildlife Trust
Sales of £235,652 (2025 - £199,741) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £14,072 (2025 - £12,532).

Somerset Wildlife Trust
Sales of £193,692 (2025 - £197,568) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £12,873 (2025 - £11,281).

Wiltshire Wildlife Trust
Sales of £172,911 (2025 - £143,099) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £9,329 (2025 - £8,268).

Worcestershire Wildlife Trust
Sales of £198,865 (2025 - £138,098) were made to Devon Wildlife Trust during the period.

At the balance sheet date the amount due from Devon Wildlife Trust was £5,381 (2025 - £5,638).

Gift aid payments to members
No gift aid payments to members were proposed by South West Wildlife Fundraising Limited in respect of the financial year to 31 March 2026 (2025 - £50,109, paid in 2026).

Countess S De La Bedoyere
The chair of the board invoiced £11,500 (2025 - £11,375) for consultancy in the year.

South West Wildlife Fundraising Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

7	Prior Period Restatement

During the year, the Company identified errors in its previously issued 2025 financial statements. Specifically, gift aid payments of £50,109 and £25,133 recognised as expenditure in the statement of comprehensive income during 2025 and 2024 respectively, should have been recognised as distributions in the period the gift aid payments were approved.

In accordance with FRS102 Section 10, the errors have been corrected retrospectively. Consequently, the comparative figures have been restated as follows:
 

	As previously reported £	Adjustment £	As restated £
Statement of Comprehensive Income (for year ended 31 March 2025)
Administrative expenses	(963,086)	50,109	(912,977)
(Deficit) / surplus for the year	(41,601)	50,109	8,508
Statement of Financial Position (as at 31 March 2025)
Creditors	239,847	(50,109)	189,738
Profit and loss account	140,288	50,109	190,397
Statement of Changes in Equity
At 1 April 2024	181,889	25,133	207,022
(Deficit) / surplus for the year	(41,601)	50,109	8,508
Distributions	-	(25,133)	(25,133)
At 31 March 2025	140,288	50,109	190,397